Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.152%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1201.195% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.152%, 7d avg −0.071%

Together, before fees+0.449%+$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.081% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02496	0.0100	pay 0.0050% / 4h	2h 22m	$1.5M	$775K	25x
Short	BingX STABLE-USDT	0.02492	0.0100	get 0.0050% / 4h	2h 22m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.071%: −$8.1
Slippage, 4 orders: −$98.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$127.64
Costs to cover: 1.195%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	4.01 bp	33.5 bp −$33	422.9 bp −$4,229	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	6.01 bp	27.1 bp −$27	62.8 bp −$628	618.4 bp −$61.8K	1180.8 bp −$590.4K

STABLE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter STABLE	+0.0096%	1h	0.02505	+0.377%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02492	−0.148%	$879K	$201K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02491	−0.174%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02493	−0.112%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02496	long leg	$1.5M	$775K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02492	−0.152%	$201K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02493	−0.112%	$174K	$70K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02491	−0.192%	$610K	$175K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.128%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02494	−0.072%	$292K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTshort	+0.0100%	4h	0.02492	−0.152%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02498	+0.092%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02492	−0.160%	$1K	$815K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02492	−0.138%	$12K	$146K	10x	as long as short